IDT Co. (NYSE:IDT) Stake Lessened by Aristides Capital LLC

Aristides Capital LLC decreased its position in shares of IDT Co. (NYSE:IDT) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,739 shares of the utilities provider’s stock after selling 357 shares during the period. Aristides Capital LLC’s holdings in IDT were worth $242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of IDT in the 1st quarter worth $23,276,000. Russell Investments Group Ltd. boosted its holdings in IDT by 40.3% during the first quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock worth $5,036,000 after buying an additional 38,290 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of IDT by 2.7% during the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock worth $39,749,000 after purchasing an additional 29,100 shares during the period. Marshall Wace LLP purchased a new stake in shares of IDT during the second quarter valued at $976,000. Finally, Americana Partners LLC acquired a new position in shares of IDT in the 2nd quarter valued at $898,000. Institutional investors own 59.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

IDT Stock Performance

IDT stock opened at $38.17 on Tuesday. The company has a 50 day moving average price of $37.43 and a 200 day moving average price of $37.45. IDT Co. has a 52 week low of $21.64 and a 52 week high of $41.58. The firm has a market capitalization of $967.19 million, a price-to-earnings ratio of 27.26 and a beta of 0.79.

IDT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. IDT’s dividend payout ratio is 14.29%.

Insider Activity at IDT

In other IDT news, EVP Joyce J. Mason sold 7,570 shares of IDT stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $37.25, for a total transaction of $281,982.50. Following the transaction, the executive vice president now owns 12,996 shares of the company’s stock, valued at approximately $484,101. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Joyce J. Mason sold 7,570 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $37.25, for a total transaction of $281,982.50. Following the transaction, the executive vice president now directly owns 12,996 shares of the company’s stock, valued at $484,101. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric F. Cosentino sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total transaction of $29,792.00. Following the completion of the transaction, the director now owns 551 shares in the company, valued at approximately $20,519.24. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

IDT Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.